International Economic

PBoC injects CNY 235bn into economy, lowers 14-day repo rate

By Josh White

Date: Monday 23 Sep 2024

(Sharecast News) - The People's Bank of China injected around CNY 234.6bn (£25.05bn) into the banking system on Monday - the first such infusion in months - as it lowered the 14-day reverse repurchase rate.

According to Reuters, the PBoC conducted the injection through open market operations, aiming to maintain...

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